According to the announcement of the Supply and Marketing Fair, the No. 1 Intermediate People's Court of Hainan Province will publicly auction 349 million shares held by the controlling shareholder Xinhe Group and 21.3482 million shares held by Henan Xinhe Group, which together account for 2.05% of the total share capital, from 10:00 on September 7 to 10:00 on September 8, 2026, and the court will execute the ruling due to a pledge contract dispute. As of the announcement date, no other shares held by the controlling shareholders and their co-actors have been auctioned, and this auction will not result in a change in the company's control. There is uncertainty about the follow-up process of the auction, and the transferee must comply with sales restrictions.

According to the announcement of the Supply and Marketing Fair, the No. 1 Intermediate People's Court of Hainan Province will publicly auction 349 million shares held by the controlling shareholder Xinhe Group and 21.3482 million shares held by Henan Xinhe Group, which together account for 2.05% of the total share capital, from 10:00 on September 7 to 10:00 on September 8, 2026, and the court will execute the ruling due to a pledge contract dispute. As of the announcement date, no other shares held by the controlling shareholders and their co-actors have been auctioned, and this auction will not result in a change in the company's control. There is uncertainty about the follow-up process of the auction, and the transferee must comply with sales restrictions.